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Nikola Founder Has Now Sold $317 Million of Stock Since Charges

Reuters

Apple warns suppliers of weak demand for iPhone 13 lineup – Bloomberg

The company had cut production of iPhone 13 by as many as 10 million units, down from a target of 90 million, due to a global chip shortage, but now it has informed vendors even those numbers look unlikely, the report said. Apple’s shares fell over 3%, dragging down those of iPhone component and semiconductor suppliers Qualcomm, Skyworks, Europe’s ASML and Infineon. Apple and its suppliers did not respond to Reuters requests for comments.

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